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China FAW Group Corporation is referred to as “China FAW†or “FAWâ€, a state-owned super-large automobile manufacturer. FAW headquarters is located in Changchun City, Jilin Province, formerly the first automobile manufacturing plant, and Chairman Mao Zedong inscribed the name of the factory. FAW was laid in 1953. It was built and put into operation in 1956, and the first Chinese liberation truck was built. In 1958, the first Dongfeng brand sedan in New China and the first red flag limousine were built. The completion of FAW has created a new history of the Chinese automobile industry. As of March 2012, China FAW has 22 functional departments, 5 branch offices, 6 wholly-owned subsidiaries and 4 holding subsidiaries. Among them, there are 4 listed companies, namely FAW Car Co., Ltd., Changchun FAW Fuwei Auto Parts Co., Ltd., Tianjin FAW Xiali Automobile Co., Ltd. and Qiming Information Technology Co., Ltd. The main business segments are divided into sectors: R&D, passenger cars, commercial vehicles, parts and components, and derivative economies. FAW has 120,000 employees and total assets of 213.65 billion yuan.
After years of development and construction, FAW has cultivated a corporate culture centered on the core concepts of “competing first, innovation, and responsibility†and the spirit of “learning, innovation, resistance, and self-improvementâ€. A modern enterprise system that meets the needs of market competition has been initially established. The production bases of Northeast China, North China, Southwest China, and South China have gradually formed, forming an open development pattern with reasonable layout, radiation throughout the country, and overseas. New factories such as trucks, cars, light vehicles and buses have been transformed and built, forming a more advanced manufacturing position. The independent research and development and the core competitiveness of the company have been continuously improved, forming a product pattern of trucks, cars, light vehicles and passenger cars. It has independent brands such as Jiefang, Hongqi, Pentium and Xiali, and joint venture brands such as Volkswagen, Audi, Toyota and Mazda.
FAW's production and sales volume and operating income have been among the forefront of the Chinese auto industry for many years. In 2011, FAW sold more than 2.6 million vehicles, achieved operating income of 369.43 billion yuan, ranked 197th in the "World Top 500", and the value of "China FAW" brand reached 98.287 billion yuan. Up to now, China FAW has produced and sold more than 18 million vehicles of various types and realized profits and taxes of more than 250 billion yuan.
Facing the future, FAW put forward the corporate vision and goal of “adhering to the user first, respecting the value of employees, safeguarding the interests of shareholders, promoting social harmony, and striving to build an internationally competitive 'independent FAW, strength FAW, and harmonious FAW'â€. FAW people are taking advantage of their unique car feelings, fighting against the strong, high-spirited, to promote the sound and rapid development of the automotive industry, to make new and greater contributions to the harmonious development of people, cars and society.